Economic Development at The University of Toledo
The University of Toledo is actively involved in the Northwest Ohio region’s economic development efforts. Many centers and institutes have joined the economic development endeavors to help strengthen and grow the community in and around Toledo.
|The Science and Technology Corridor||
A partner in Economic Development for connecting and developing the region’s assets (including the University) in research, technology commercialization, location utilization, infrastructure availability and enhanced workforce capabilities, thereby stimulating the area’s economic and social revival.
|Wright Center for Photovoltaics Innovation and Commercialization (PVIC)||The Wright Center for Photovoltaics Innovation and Commercialization (PVIC) is a means whereby the State of Ohio will expand its high technology research base
in Ohio’s core competency of advanced manufacturing using advanced materials. PVIC supports the generation of employment opportunities for Ohio’s workforce through innovation
and commercialization activities centered on eliminating commercialization barriers
currently facing Ohio companies in the photovoltaics (PV) sector. Companies active
in the PV industry, from those researching advanced materials development to those
deploying the energy producing devices, advise and coordinate experts in Ohio universities
and national laboratories in their PVIC contributions.
|LaunchPad Incubation at
The University of Toledo (LPI)
|The LaunchPad Incubation Program (LPI) at The University of Toledo provides intensive
entrepreneurial assistance, state-of-the-art facilities and other valuable resources
to early-stage, technology-based start up companies. The program is focused on taking
business ventures from concept to commercialization and providing a framework for
companies to become thriving, self-sustaining members of the community. LPI works
to bolster innovation in Northwest Ohio by providing access to capital, business development
resources and expertise focused on enhancing community collaboration and communication
for entrepreneurial development.
|Rocket Innovations (RI)||Rocket Innovations promotes relationships between the University of Toledo researchers
and business leaders and to spur technological discoveries and commercialization and
assists UT in coordinating economic development related activities for the economic
growth of the region. RI support UT through the development, support and investment
in services for public and private economic development projects.
|Technology Clusters in
|The Jack Ford Urban Affairs Center, working collaboratively with Bowling Green State
University's Center for Policy Analysis and Public Service, identified a number of
technology clusters for Northwest Ohio that are the focus of a coordinated economic
development program involving the Regional Growth Partnership, the Toledo-Lucas County
Port Authority, the City of Toledo, and Lucas County.
|Jack Ford Urban Affairs Center||
Jack Ford Urban Affairs Center is an applied research unit of The University of Toledo within the Office of Research and a member of the Ohio Urban University Program. Their mission is to enhance the economic vitality and quality of life of Toledo and its metropolitan region.
|The Center for Family and Privately-Held Business recognizes excellence in locally
owned family businesses and encourages greater understanding, provides resources and
support, and keeps family businesses informed. Programs are offered annually to provide
information on family business topics of interest to members by employing nationally
known speakers, case studies, family business owners and other experts to discuss
business issues and challenges from their personal perspective or professional experience.
|The Intermodal Transportation Institute (ITI)||The University of Toledo (UT) has initiated efforts to establish an Intermodal Transportation
Institute (ITI). The purpose of the ITI is to work cooperatively with public and private
sector partners in transportation, logistics, and supply chain management to increase
economic opportunity and improve the quality of life.
|The University of Toledo University Transportation Center (UTUTC)||The UT-UTC focuses on economic development through transportation research and education.
The initial plan for the Center was articulated by businesses that depend on transportation
to compete successfully in a global economy.
|The Global Business
The International Business Institute (IBI) at The University of Toledo is dedicated to strengthening the global competitiveness of firms in the Great Lakes region through educational programs, contract research, training services, management consulting, and timely publications. The IBI is committed to advancing international programs at UT through faculty development, international business co-ops/internships, study-abroad programs, and a world class curriculum.
|Lake Erie Western Alliance
for Sustainability (LEWAS)
|The LEWAS has come together as an alliance to address growing concerns about climate
change and to come up with ideas about how the community can respond to the challenges
associated with climate change.
|Minority Business Development Center
|The University of Toledo Minority Business Development Center (MBDC) fosters an environment
that offers assistance for minority-owned, early-stage firms. THE MBDC helps nurture
entrepreneurial and economic development in the Toledo community by providing office
space, training, mentoring and a network of professional advisors.
|Minority Business Assistance Center Programs (MBAC)||
The Minority Business Assistance Center (MBAC) Program serves the needs of Ohio’s
small, minority and disadvantaged businesses by providing important services at no
cost. The MBAC provides MBE and EDGE entrepreneurs with management, technical, financial,
certification assistance and contract procurement assistance in addition to loan and
bond packaging services.
|The University of Toledo also has research centers that work with community economic development resources, including (but not limited to):|